Do you think to succeed in the bull market you need to acquire more strategy?

alastantiger

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Quote from: retreat on November 20, 2024, 01:24:54 PM

At the beginning of trading, a beginner may use several strategies to see which strategy is most appropriate for him to use, but over time it may not be practical and a waste of time, because just imagine just to start a trade a person needs to use several strategies and it is also uncertain whether the strategy works in that situation. And because of that, a professional trader usually uses 1 or 2 strategies in his trading, because he already knows the ins and outs of the strategy and has used it in various trading situations.

Agreed, and using just few of those trading strategies will make you become a master of the strategy and you can make use of it when ever you want and you'll be victorious with your trades. Different strategy can be a distraction for you to not meet your full potential in the market. The strategy has to be a verified one that works for you before you make it your thing. I don't waste time to dump a strategy that isn't working for me because I'm not ready to lose money when they're other strategy that can give you the money that you're missing. Trading is different and it works differently too because two different traders can make profits from the two options we have. There are some people that have mastered the act of trading with different strategies and still record success while we have traders that have to rely on just one strategy and he's also victorious.

Franctoshi

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Quote from: Adbitco on November 03, 2024, 04:50:12 PM

Well like a question a neighbor asked me today because he knows I deal with bitcoin trading and to what relates with bitcoin. He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?

Straight up answer:
I said no because like most post I do read here I have to understand that one doesn't really needs to acquire several strategies as someone who is starting up instead needs to develop himself to understand more things about that trading before trying to explore different strategy to trade with. However, I don't think it's a solution to newbies rather a kind of distractions making them to lose more at the cause of trying to adopts more techniques to succeed.

What do you think, is that question okay as you know and have your knowledge towards trading?

Too many strategy will get you confused at some point, you just need a strategy that yields a consistent results, you master it and with a decipline approach you will be profitable.

Cookdata

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Quote from: Rockstarguy on November 19, 2024, 11:41:14 AM

You are right, succeeding in trading is not about having surplus strategy, this can even get one to be more confuse , it is even to just stick with few and work with the one that is more profitable. What a trader needs more to succeed in the bull market is to have a better understanding, discipline, with these I don't think one will be having any hard time in any season of the market. Making it in trading is not about having plenty of strategies but for one to get the real understanding.

Anytime I see trader shows off there desk, chair and PC, I just sigh for some moment and look away. You will see them with different screenshots and all that of indicators just to prove one things, expert in trading but I will tell you that trading with free indicators can give you literally the profits they are making and who knows if you are making more than them, Bitcoin has been more of fundamental than even technical analysis but they will tell you all the stories of the strategies they used.

If you do too much strategy in my opinion, you will be too interested in the market. When other simple traders are taking profits at all time high range, they over predicts market like it will go to heaven but we all know that every run has its up and down, there is that time nothing will print any profit from this market again, just consolidation and losses most often unless you are a leverage market maker that play with short positions.

retreat

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At the beginning of trading, a beginner may use several strategies to see which strategy is most appropriate for him to use, but over time it may not be practical and a waste of time, because just imagine just to start a trade a person needs to use several strategies and it is also uncertain whether the strategy works in that situation. And because of that, a professional trader usually uses 1 or 2 strategies in his trading, because he already knows the ins and outs of the strategy and has used it in various trading situations.

Adbitco

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Quote from: EarnOnVictor on November 20, 2024, 03:11:39 AM

Quote from: Adbitco on November 03, 2024, 04:50:12 PM

-snip-
What do you think, is that question okay as you know and have your knowledge towards trading?

Your question in the title contains "bull market" but it was absent in the body, well, if it is the bull market where it is a definitive bull run, people tend to earn easily, and even on making mistakes, they will still get to make their money because they are in the right trend if they bought it.

Because usually it's only on bull market that some people are intrigue to show great interest on bitcoin investment, when bitcoin was very low and he asked there was no much interest and I didn't give him that listening ear but as the bull comes up he got aroused to it and wanting some simplicity to immediate and quick profiting from the bull market. So, it you didn't see it in the body of the content then you should know that the title has it covered and repeating it inside shows a form of repetitions of messages.

EarnOnVictor

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Quote from: Adbitco on November 03, 2024, 04:50:12 PM

-snip-
What do you think, is that question okay as you know and have your knowledge towards trading?

Your question in the title contains "bull market" but it was absent in the body, well, if it is the bull market where it is a definitive bull run, people tend to earn easily, and even on making mistakes, they will still get to make their money because they are in the right trend if they bought it. But in the general market, enough strategies and experience are needed. You do not need to learn all the strategies in the world but in my experience, you will need to vary some strategies due to the market condition. This is where confusion befalls new traders if they are not well prepared, the market will act strangely but will not be able to know why if their strategies are inadequate in the name of keeping it simple.

Gladitorcomeback

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Quote from: Barikui1 on November 19, 2024, 04:03:31 AM

Responding to the title of this thread, I think you don't actually need any strategy in making money in the bull market, all you just have to do is buy Bitcoin and hold, and you will definitely make a fortune in the bull market regardless of your level of knowledge.

Maybe not a specific strategy, but a person needs to know the market and at least have some knowledge about it to be able to make good use of the bull market because someone who doesn't know anything about the market would barely know the right time to buy. If someone is buying Bitcoin when the market is already at its peak, they will most probably see their investment losing value as soon as the market starts to crash, and they will not believe the market again.

So, someone needs to know the correct times to enter and exit the market to gain good profits, and for that, they will need to know about the market and especially the coins they are buying, such as Bitcoin. It's not wise to invest money in something you know nothing about only because you heard others are earning money from it.

This is why a person needs to learn about a financial market before they make an entry into it.

Jegileman

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Trying out many types of strategy may make you lose more focus on how fast you can achieve your aim at trading. There are different strategies, you may as a beginner needs an introduction to each of them to see how well you can be able to do with them while trading. If you’ve seen the one that fits your niche more, you should focus more on that and go into deeper learning about it than just putting all at once in your mind to learn. It’ll become harder to achieve success through that in trading. The bull market as it has always been is a time for all to calm themselves professionals, strategy may work but it’s better you trade in the direction of the uptrend side of the market which it’ll always be during the bull market cycle.

justdimin

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Quote from: Barikui1 on November 19, 2024, 04:03:31 AM

When I saw this your post, at first I thought it was something related to the topic, but it's totally different from what you are actually saying in the post, but I will respond to both because they are two different question.

Responding to the title of this thread, I think you don't actually need any strategy in making money in the bull market, all you just have to do is buy Bitcoin and hold, and you will definitely make a fortune in the bull market regardless of your level of knowledge.

Then as for what you actually said in the thread, I think that as a trader that intend being profitable, one potent trading strategy is enough, and knowing when to stay off the market is another vital thing a trader must know, if he want to be profitable.

I am sure a strategy and good knowledge level do truly matter. I'm not sure if you already heard of those newbies that they only invest in BTC but still lose in the process. It is because of their lack of knowledge, they panic sell thinking it is the end of BTC once it dropped hard, not knowing it is only natural and part of the cycle.

As for the strategy, we can't just HODL and HODL forever or even if we sell, we still need a strategy to grow our gained profits more evenly because for those who don't have it, they just wasted their profits in useless things and they have nothing left eventually. Traders should make money at all times but taking a rest is also good for our overall health.

Rockstarguy

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Quote from: Finestream on November 03, 2024, 04:57:22 PM

It’s good if you’ve known several strategies in trading as you can compare which works the most for you, but using one or two could be good enough for a smart trader. The only way to be successful in the bull run is knowing how to play the game well, make sure that you enter trading with a good understanding and you know the rules when trading. Otherwise, if you rush into trading without proper knowledge and understanding, you will not only waste your time and effort, but you will also put your money into waste just because you trade without good preparation.

You are right, succeeding in trading is not about having surplus strategy, this can even get one to be more confuse , it is even to just stick with few and work with the one that is more profitable. What a trader needs more to succeed in the bull market is to have a better understanding, discipline, with these I don't think one will be having any hard time in any season of the market. Making it in trading is not about having plenty of strategies but for one to get the real understanding.

Adbitco

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Quote from: Barikui1 on November 19, 2024, 04:03:31 AM

Quote from: Adbitco on November 03, 2024, 04:50:12 PM

Well like a question a neighbor asked me today because he knows I deal with bitcoin trading and to what relates with bitcoin. He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?

Straight up answer:
I said no because like most post I do read here I have to understand that one doesn't really needs to acquire several strategies as someone who is starting up instead needs to develop himself to understand more things about that trading before trying to explore different strategy to trade with. However, I don't think it's a solution to newbies rather a kind of distractions making them to lose more at the cause of trying to adopts more techniques to succeed.

What do you think, is that question okay as you know and have your knowledge towards trading?

Then as for what you actually said in the thread, I think that as a trader that intend being profitable, one potent trading strategy is enough, and knowing when to stay off the market is another vital thing a trader must know, if he want to be profitable.

When a trader is able to determine when to enter market and exit the market usually make them become active towards their trade, of course a good trading strategies is enough but must times there some market conditions that may requires another best technicality to handle the market. Trading as we know is actually simple but it depends on how we started it otherwise, if we have a poor starting or as poor foundation while starting our journey in trading it makes it very difficulty to succeed because we didn't have that good start-up.

Barikui1

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Quote from: Adbitco on November 03, 2024, 04:50:12 PM

Well like a question a neighbor asked me today because he knows I deal with bitcoin trading and to what relates with bitcoin. He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?

Straight up answer:
I said no because like most post I do read here I have to understand that one doesn't really needs to acquire several strategies as someone who is starting up instead needs to develop himself to understand more things about that trading before trying to explore different strategy to trade with. However, I don't think it's a solution to newbies rather a kind of distractions making them to lose more at the cause of trying to adopts more techniques to succeed.

What do you think, is that question okay as you know and have your knowledge towards trading?

When I saw this your post, at first I thought it was something related to the topic, but it's totally different from what you are actually saying in the post, but I will respond to both because they are two different question.

Responding to the title of this thread, I think you don't actually need any strategy in making money in the bull market, all you just have to do is buy Bitcoin and hold, and you will definitely make a fortune in the bull market regardless of your level of knowledge.

Then as for what you actually said in the thread, I think that as a trader that intend being profitable, one potent trading strategy is enough, and knowing when to stay off the market is another vital thing a trader must know, if he want to be profitable.

betswift

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Quote from: Cryptmuster on November 18, 2024, 01:55:24 AM

Quote from: Jawhead999 on November 10, 2024, 09:08:25 AM

I guess they make money by referral reward, not sure how the referral reward in centralized exchanges because it varies from one to another. But, I think mostly they earn from someone else lose, so the mentor will ask to sign up with their referral and make deposit, then they will teach their skill, either it's a fake skill or real skill.

In this way, they're making money without need to ask the followers to buy their course.

Referral programs are a separate topic, but yes, it can bring in very good money if you approach this issue thoroughly, if there are enough referrals, then such a person will receive his % from each purchase and sale, no matter whether these are unprofitable or profitable transactions. The exchange works in the same way, it will take its fees from any transaction, no matter whether it is profitable or unprofitable, this is the principle of their work. But for a teacher it is important that his students can trade with profit, otherwise there will be a lot of negative reviews about him.

If it's done by an influencer - then it's worth it.
If it's not - it's really not, in my opinion.

Cryptmuster

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Quote from: Jawhead999 on November 10, 2024, 09:08:25 AM

I guess they make money by referral reward, not sure how the referral reward in centralized exchanges because it varies from one to another. But, I think mostly they earn from someone else lose, so the mentor will ask to sign up with their referral and make deposit, then they will teach their skill, either it's a fake skill or real skill.

In this way, they're making money without need to ask the followers to buy their course.

Referral programs are a separate topic, but yes, it can bring in very good money if you approach this issue thoroughly, if there are enough referrals, then such a person will receive his % from each purchase and sale, no matter whether these are unprofitable or profitable transactions. The exchange works in the same way, it will take its fees from any transaction, no matter whether it is profitable or unprofitable, this is the principle of their work. But for a teacher it is important that his students can trade with profit, otherwise there will be a lot of negative reviews about him.

Dr.Bitcoin_Strange

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Quote from: dzungmobile on November 09, 2024, 12:33:29 PM

Quote from: Dr.Bitcoin_Strange on November 09, 2024, 12:03:57 PM

You are absolutely right mate, I just realized lately that most successful traders were not really intentionally schooled by an expert trader but rather they just keep making use of every bit of information they get online and also added their own predeveloped knowledge and idea and that's why they keep winning in their trade.

It is probably because with Internet and open source, people nowadays can learn many things by themselves online without going to schools, colleges, universities, and any paid course. However, to say "most successful traders ..." do like you said, I disagree with you and I really don't know how did you say that. Did you get it from any research, article, any data to back your saying?

I don't mean all traders but most of the traders that I know and the ones that I have listened to or head people talk about. I didn't get it from a search engine or article but was just saying based on what I have seen and heard.

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Quote from: tvplus006 on November 09, 2024, 06:12:53 PM

Obviously, you're more fortunate to have a mentor than I am. What was offered online was obviously stolen and distributed for little money. And accordingly, there was no sense in such training. Those who really knew how to make money from trading did not need my money, since for them it was just a waste of time that could be spent on trading or on family.

I guess they make money by referral reward, not sure how the referral reward in centralized exchanges because it varies from one to another. But, I think mostly they earn from someone else lose, so the mentor will ask to sign up with their referral and make deposit, then they will teach their skill, either it's a fake skill or real skill.

In this way, they're making money without need to ask the followers to buy their course.

AmoreJaz

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Quote from: tvplus006 on November 09, 2024, 08:21:46 AM

Quote from: GiftedMAN on November 08, 2024, 05:15:52 PM

To escape losses in trading the trader should pay money to learn from an experienced profitable trader gaining knowledge from a good trader will also see the learner to have good experience in taking profits more than losses.

It looks almost impossible to find a successful trader who is ready to take up the training of a beginner. What can you offer a successful trader? Money? That's how he earns them by trading anyway. And it is not a fact that a successful trader will be a good mentor, because mentoring requires much more knowledge than just profit in trading.

It is not necessary to pay an experienced trader. One should actually experience trading, and start small. You will only have good grasp if you start trading on your own. But no need to rush yourself because those lessons will take time to acquire, aside from the tips and strategies that you will learn along the way.

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So anyway, I applied as a merit source :)

Quote from: Inwestour on November 07, 2024, 04:25:00 AM

This is the basic law for any trader - buy low, sell high, but easier said than done, isn't it?

Basic indeed, panic stimulates the wrong step and not following the basic.

Quote

And when to sell and when to buy is the strategy, because this choice is fundamental in trading and without it you will not be able to make a profit, and how many such strategies can be applied is the trader's business, he can apply several, but in the end I think that everything will come down to the fact that he will impoverish them for himself in one.

The difficulty in this basic strategy is what I explained in the next line. The timing of when to buy and when to sell is of utmost importance. This accuracy of prediction is improved by observing charts and reading past charts. When bitcoin crossed 72k I was fairly certain that the previous all time high would be crossed and I have a high probability of being correct and not wrong. Turned out I was correct but I could have been wrong.

This unpredictability of the market is what makes trading difficult and not sustainable. Still it is worth trying.

_BlackStar

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Quote from: GiftedMAN on November 09, 2024, 05:23:54 PM

Quote from: tvplus006 on November 09, 2024, 08:21:46 AM

-snip-

May be you haven't come across some good traders who enjoys teaching other interested people on the various ways to trade and how to take profit but I think I have come across some good traders during my newbie days and they tried so much to make sure that any serious newbie who comes to register with them gets good knowledge they came for.

They may not mentor you 100 percent but you are sure of getting good information from them and the knowledge they share can go a long way to help every beginner get started in the right way if you are willing to pay the price which is reading and learning.

A great trader clearly has a lot of experience in their field - they have the right approach when the market doesn't match their expectations. They don't just have one strategy - of course they have several strategies which can then help them avoid losses. They trade to seek profit - unlike gamblers who seek fortune, so backup strategies on the other hand are already prepared even with a reserve budget as well.

When traders start trading with a strategy - then they clearly expect profits. Sometimes they can also lose - but because there is a reserve budget and other strategies, the losses can be covered again without taking too much time.

tvplus006

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Quote from: GiftedMAN on November 09, 2024, 05:23:54 PM

May be you haven't come across some good traders who enjoys teaching other interested people on the various ways to trade and how to take profit but I think I have come across some good traders during my newbie days and they tried so much to make sure that any serious newbie who comes to register with them gets good knowledge they came for.

Obviously, you're more fortunate to have a mentor than I am. What was offered online was obviously stolen and distributed for little money. And accordingly, there was no sense in such training. Those who really knew how to make money from trading did not need my money, since for them it was just a waste of time that could be spent on trading or on family.

Topic: Do you think to succeed in the bull market you need to acquire more strategy? (Read 929 times)